"In line with the reduction in the size of the company's
operations, we have a bit more freedom to optimize," Piani said
on a conference call with analysts to discuss first-quarter
earnings.

PDG Realty posted a quarterly profit of 2.8 million reais
($1.26 million) on Thursday, as cutbacks in the scale of
operations helped it swing from a net loss of 73.8 million reais
a year earlier.
($1 = 2.22 Brazilian reais)
(Reporting by Asher Levine)